Veritec (VRTC) Gross Margin (2016 - 2024)
Veritec has reported Gross Margin over the past 15 years, most recently at 46.15% for Q3 2024.
- Quarterly results put Gross Margin at 46.15% for Q3 2024, down 7374.0% from a year ago — trailing twelve months through Sep 2024 was 57.47% (up 2232.0% YoY), and the annual figure for FY2024 was 62.47%, up 2174.0%.
- Gross Margin for Q3 2024 was 46.15% at Veritec, down from 75.62% in the prior quarter.
- Over the last five years, Gross Margin for VRTC hit a ceiling of 146.88% in Q2 2020 and a floor of 46.15% in Q3 2024.
- Median Gross Margin over the past 5 years was 50.5% (2022), compared with a mean of 49.22%.
- Biggest five-year swings in Gross Margin: soared 17077bps in 2020 and later crashed -9788bps in 2021.
- Veritec's Gross Margin stood at 58.65% in 2020, then tumbled by -31bps to 40.74% in 2021, then surged by 35bps to 55.14% in 2022, then increased by 29bps to 71.03% in 2023, then tumbled by -165bps to 46.15% in 2024.
- The last three reported values for Gross Margin were 46.15% (Q3 2024), 75.62% (Q2 2024), and 55.15% (Q1 2024) per Business Quant data.